Global Bevel Gearbox Market was valued at USD XX Billion in 2019 and expected to grow with a CAGR XX% over the forecast period 2020-2027. Bevel gears are gears where the axes of the two pipes converge and the conically shaped tooth-bearing faces of the gears themselves. On shafts that are 90 degrees apart, bevel gears are most commonly mounted, but may also be designed to operate at other angles. It is used to measure the speed, torque, and direction of the power source. Increase in wind power generation sector and growing number of activities in Automation industries and other manufacturing sector drive the market growth of Bevel Gearbox. For instance, As per IRENA (International Renewable Energy Agency), Global installation of wind power generation capacity offshore and onshore has increased by a factor of almost 75 in the past two decades and production of wind energy is almost doubled between 2009-2013 and in 2016. Moreover, as per World Wind Energy Association, Worldwide Wind power reached 597 GW and 51.6 added in 2018. .Furthermore, Increasing Marine generation and construction companies also pushing the market growth. Despite that, issue related to the design capacity hinder the market growth of Bevel Gearbox over the forecasting period 2020-2027.

The regional analysis of the Bevel Gearbox Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Asia Pacific is dominating the market in terms of value, China is highest contributor in the growth of Bevel Gear market. However, North America and Europe also participating in market growth due to growing automation industry.

Key Players in Global Bevel Gearbox Market
Emerson Electric
Siemens
Watt Drive Weg
China High Speed Transmission Equipment Group
KHK Gears
Andantex
Johnson Electric
Sumitomo Corporation
GKN plc
Bonfiglioli

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Hypoid Bevel Gearbox
Spiral Bevel Gearbox
Straight Bevel Gearbox
Zerol Bevel Gearbox
By Application Type:
Agriculture
Automotive
Construction
Marine
Power Generation
Others
By End Users:
Residential
Non Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy

Asia Pacific
China
India
Japan
Australia


Latin America
Brazil
Mexico
Rest of LA
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of Global Bevel Gearbox Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors